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Please revise the document as Aleck's changes indicate. With respect to the
alternative responses shown near the end of the document, leave both alternatives in. ---------------------- Forwarded by Steven J Kean/HOU/EES on 07/31/2000 08:58 AM --------------------------- Richard Shapiro 07/31/2000 07:08 AM To: Aleck Dadson/TOR/ECT@ECT cc: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON@ECT, Eric Thode/Corp/Enron@ENRON@ECT, Richard B Sanders/HOU/ECT@ECT, Robert Hemstock/CAL/ECT@ECT, Ginger Dernehl/HOU/EES@EES Subject: Re: Project Stanley I am comfortable w/ the changes. On question of whether we colluded W/ Powerex, I would opt for simpler alternative and say we complied w/ all rules of the pool. Thanks. To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Richard B Sanders/HOU/ECT@ECT, Robert Hemstock/CAL/ECT@ECT cc: Ginger Dernehl/HOU/EES@EES Subject: Project Stanley Privileged and Confidential - For Instruction of Counsel Attached is a revised copy of the Background note discussed earlier this week. The revisions are based on comments from Frontier Economics and GPC, and further reflection by Rob Hemstock and myself. I have also attached the raw calculations from Frontier that underlie several of the revisions. I have not sent the revised document to outside counsel for review.
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